FTDS - Weekly Market Pulse: No One Said This Was Easy

• The year-over-year change in core CPI peaked in March and is coming down, albeit slower than we’d all like to see.
• The economy is slowing in some areas and inflation is still high but probably peaking.
• Bond yields are starting to look pretty attractive relative to stock dividend and earnings yields and inflows to bond funds continue unabated.
• Everything was down last week except Chinese stocks, which had their fourth straight week of gains, while U.S. stocks are nearing the magical 20% down level that defines a bear market.

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